Accelerating Mobile Money in Indonesia: Action Plan - Economic ...

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the use of mobile money for a variety of public and private applications. Table 2 lists potential public awareness campaign intervention mechanisms, sponsors, and recipients. Table 2. Potential Public Awareness Campaign Interventions Intervention Mechanism Potential Sponsor Potential Recipients Technical assistance Mobile Money Implementation Unit TNP2K, Office of the Vice President of the Republic of Indonesia Various programs B. Regulatory Reform and Capacity-Building To complement this Action Plan, FS Share produced a technical analysis of current regulations related to electronic money networks that identifies barriers to mobile money adoption. Specific areas identified include customer registration and KYC, pilots, and registration requirements for cash-in/cash-out agents. USAID, in coordination with other donors, could also provide technical support to the Bank of Indonesia to develop mobile money sector management and supervision capabilities. As the mobile money sector expands, the Bank of Indonesia may require technical expertise to monitor a much larger ecosystem and end user base. Additionally, the Bank of Indonesia will need to continually review the effectiveness of its policies and determine whether modifications are required to achieve broader financial inclusion objectives. Technical assistance from USAID or other donors may include: Best practice analysis Study tours Training Access to experts and secondments Table 3 lists potential regulatory reform and capacity-building intervention mechanisms, sponsors, and recipients. Table 3. Potential Regulatory Reform and Capacity-Building Interventions Intervention Mechanism Potential Sponsor Potential Recipients Technical assistance International Finance Corporation (IFC) Bank of Indonesia C. Expand Government-to-Person Payment Program Social welfare and other repetitive cash payment applications that could benefit from the use of mobile money as a disbursement channel represent a strong opportunity to inject funds into the mobile money ecosystem. Specifically, USAID could support conditional cash transfer payment pilot development efforts with the Ministry of Social Affairs, with 10 ACCELERATING MOBILE MONEY IN INDONESIA — ACTION PLAN
the goal of using mobile money for a significant segment of CCT recipients 5 . Other potential pilot activities that USAID may explore are utilizing mobile money to increase the transparency and efficiency of PNPM infrastructure and loan disbursement/repayment programs. Table 4 lists potential government-to-person payment program intervention mechanisms, sponsors, and recipients. Table 4. Potential Regulatory Reform and Capacity-Building Interventions Intervention Mechanism Potential Sponsor Potential Recipients Pilots Financial incentives for usage Contractual/Program participation requirements Ministry of Social Affairs POS Indonesia TNP2K PNPM Mandiri D. Mobile Money for Agricultural Programs Poor households Rural villages Loan recipients USAID and other donors may support the development and execution of selected pilot projects targeting the agricultural sector. The pilots will incorporate mobile money applications, including: Distribution of loan funds Repayment of loan funds B2B transactions across selected agricultural value chains Distribution and acceptance of electronic vouchers for agricultural inputs Establishment of agent network cash-in/cash-out acceptance points As appropriate, pilots will also include mobile money platform integration with participating financial institutions, training, and agent network support (e.g., program to encourage and train agriculture input suppliers and cocoa collectors to become mobile money agents). The primary purpose of this intervention is to accelerate the extension of financial services in rural areas. Table 5 lists potential mobile money for agricultural programs intervention mechanisms, sponsors, and recipients. 5 The Ministry of Social Affairs will provide funds to more than 1 million CCT recipient households in 2012. ACCELERATING MOBILE MONEY IN INDONESIA — ACTION PLAN 11
Page 3 and 4: CONTENTS Acronyms .................
Page 5 and 6: ACRONYMS B2B business-to-business B
Page 7 and 8: SECTION I. PURPOSE The purpose of t
Page 9 and 10: SECTION III. TARGET SEGMENTS While
Page 11 and 12: SECTION IV. STAKEHOLDERS A variety
Page 13 and 14: SECTION V. METHODOLOGY FOR ACTION P
Page 15: cash transfers, stipends, loan disb
Page 19 and 20: SECTION VII. PILOT STRATEGY Based o
Page 21 and 22: SECTION VIII. PILOT SUMMARIES This
Page 23 and 24: This account has certain withdrawal
Page 25 and 26: formal account is established. A ke
Page 27 and 28: Table 16 summarizes key elements of
Page 29 and 30: ACCELERATING MOBILE MONEY IN INDONE
Page 31 and 32: SECTION X. ACTION PLAN TIMELINE In
Page 33: Intervention Activity CCT Pilot (Co
Page 37 and 38: ANNEX B. PROPOSED ACTION PLAN No. P
Page 39 and 40: Proposed Pilot #1: Government Condi
Page 41 and 42: Activities Organizational Lead Time
Page 45 and 46: Proposed Pilot #2: Salary Payments
Page 51 and 52: Proposed Pilot #3a: Cocoa Value Cha
Page 57 and 58: Proposed Pilot #4b: PNPM Project-Ba
Page 59: Activities Organizational Lead Time

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